ARTDO, Bali Conference 2007

By: Dr. R. Palan, Chairman & CEO of SMR Group 

I spoke at the ARTDO Bali Conference.

Around 300 participants attended the event. While I wished the Conference programme could have been more engaging, the hosts were very hospitable. And, Bali was wonderful.

I happenned to read the monograph from Hay Consulting who were exhibiting at the event.Two key statements from the monograph attracted me:

1. The phrase ‘our people are our greatest asset’ may sound like a platitude, but the evidence is that this is true.

2. In evaluating CEO’s, accountability for human capital is a key differentiator.

What do you think?


One Response to ARTDO, Bali Conference 2007

  1. smrgroup says:

    The first statement have always been spoken about but the sad reality is only the a handful of companies have actually able to show real initiatives and commitment towards the internalizing the statement as part of organization culture. Others are trying to say and trying to do this, however because of either lack of understanding and lack of systems/process in place, it just become sporadic initiatives or flavor of the month kind of exercise by the HR department to at least show that they are supporting the statement. Whilst everybody seems to agrees that evidences have shown the truthfulness of the statement, most companies are still letting their ‘greatest asset’ becomes their ‘greatest lost asset’.

    Why is this still happening is very much related to the second statement. If the CEO is fully committed and understand that accountability of human capital is the CEO responsibility then the company will be fully committed and make it their business to be accountable to the human capital. ‘Every manager is a Hr Manager’ and thus every CEO is a HR director and owner of the HR functions. The CEOs must also realize that the same rules of people engagement does not apply across the entire organization anymore. More and more creative and strategic people engagement initiatives needs to take place. An example of this is the Gen X and Gen Y (the Nintendo generation) are very much different from the older generation, yet the Human capital approach towards the different generations are still the same. How many companies are really even thinking strategically about this?

    This is why, whilst both of the statements are very much valid and holds the truth, the brutal reality is the statements are just statements that are still very much a challenge for the companies to convert into actions.

    rizal []

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